New Delhi: India and Mauritius have signed a government-to-government (G2G) Memorandum of Understanding (MoU) on oil and gas cooperation, alongside a five-year petroleum products supply agreement between Indian Oil Corporation and the State Trading Corporation of Mauritius. Petroleum and Natural Gas Minister Hardeep Singh Puri, who signed the MoU with Mauritius' Minister of Commerce and Consumer Protection John Michaël Tzoun Sao Yeung Sik Yuen, described the development as "a historic new chapter in the enduring - partnership," in a post on X on Thursday.
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The MoU establishes a framework spanning several segments of the energy value chain. According to Indian Oil, "the landmark G2G MoU provides a framework for stronger collaboration in petroleum & gas, biofuels, sustainability and other emerging energy areas—strengthening energy security and bringing greater predictability in a volatile global energy environment."
The five-year commercial agreement is the operational core of the arrangement. Puri said it "will meet Mauritius' requirements of petrol, diesel, marine gas oil and Aviation Turbine Fuel - providing long-term supply certainty, greater price stability and enhanced energy security, while supporting the nation's mobility, connectivity and economic growth."
Marine gas oil and aviation turbine fuel are significant for an island economy dependent on shipping and air connectivity for trade and tourism.
Indian Oil positioned the deal as one component of a wider architecture rather than a standalone contract. "The five-year petroleum products supply agreement is one important instrument of this broader and overarching collaboration, reinforcing India's commitment to Mauritius' energy security and the enduring India–Mauritius friendship," the company said.
Neither statement disclosed the volumes contracted, the pricing basis or the value of the agreement.
The agreement builds on a commercial presence dating back to the start of the century. Indian Oil began serving the Mauritian market in 2001 through its subsidiary, Indian Oil (Mauritius) Limited.
"For 25 years, IndianOil (Mauritius) Limited has been a trusted energy partner to Mauritius," the company said. "This partnership now takes a significant step forward by translating our shared, win-win vision into a structured framework for country-to-country energy cooperation."
Puri said the milestone "reflects India's reliability and commitment as a trusted energy partner."
Both statements framed the arrangement against turbulence in global energy markets, with predictability and price stability presented as the central benefits for Port Louis.
Indian Oil credited the push to direction at the top, saying that "under the visionary leadership of Hon'ble PM Shri Narendra Modi and the able guidance of Hon'ble Minister of Petroleum & Natural Gas Shri @HardeepSPuri, India and Mauritius are deepening their partnership across the energy spectrum."
Puri similarly attributed the progress to leadership on both sides, noting that cooperation is being strengthened "under the visionary leadership of PM Sh @narendramodi Ji and Mauritius PM Dr Navinchandra Ramgoolam Ji."
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He added that the relationship is "rooted in history, enriched by culture and strengthened by mutual trust," and that it "continues to scale new heights - fueling growth, strengthening energy security and advancing shared prosperity."